If NWBO does not release news considered to be undeniable and unrefuable VERY positive, then hedges will indeed succeed in hammering the SP more down, than any institutional buy ins will make it go up.
For an OTC stock that has been historically hammered down illegally for a decade and possibly with a huge amount of naked shorts, an R/S can not just be thrown out as a stand alone solution to uplist.
Say an R/S is supported by MHRA approval and we go to $1.20. NWBO R/S 1:10 and price goest to $12 and we go to Nasdaq. That will NOT be enough to support a $12 price. Hedges will still have an incentive to short and they will undeniably succeed hammering the SP down to $6 or further.
Say the R/S is supported with MHRA approval, announcement of more submissions to other regulators and the announcement of one or two BP players partnering or making a deal with NWBO in any form. That would kill the incentive for hedges to continue shorting.
No, but I think 7 market makers and their scum of the earths SoMe army of paid shills on stock boards and SoMe are.